Industry
FINRA Fines UBS $2.5 Million Plus Restitution For Failed "Principal Protection" Notes
The collapse of Lehman Brothers continues to prove that "theoretically risk-free" is still not the same as telling clients that investment products are always subject to some form of risk.
American Funds Fields Unusual Backlash Over Executive Interview
American Funds is facing what could amount to a tempest in a teapot after its president was quoted in Barron's as blaming advisors for overselling its mutual funds as "able to defy gravity."
Smaller Industry M&A Continues Unabated
While the $100 million deals are still going on, the fact is that plenty of $30 million and $40 million firms are getting bought out by larger rivals all the time.
UBS Breakaway Tests The Limits Of The Broker Protocol, Gets Restraining Order Anyway
A Connecticut judge has determined that an advisor who moved from UBS to Morgan Stanley is not entirely shielded by the broker protocol because he took information on clients that were never his to begin with.
Dynasty Gets Ambitious About Recruiting $300M Advisors
We knew that Dynasty Financial Partners hit the ground running, but now it appears that the firm wants to reach $50 billion in AUM by 2016.
More Articles ...
- Fidelity Finds That The Number Of Advisors On The Move Is Holding Steady, But They're Taking More Accounts With Them When They go
- Arrest Warrants Out For Alleged Ringleaders Of $32 Million M&A Insider Trading Scheme
- Wells Fargo Pays Another $11 Million To Settle Wachovia's Lingering Problems
- UBS Grabs $1 Million Teams As The Bulge Bracket Shuffle Continues
